Protests hammer u. S. Cities nationwide for a seventh straight night. President trump threatens to deploy the military to end what he calls the lawlessness in the streets. U. S. Futures slipped as new york goes under curfew for the first time in over 70 years. As we pointing higher said. The u. K. Virus infection rate falling to its lowest since march. And a second wave of stimulus cannot hurt. Angela merkel looks to broker a deal on a stimulus package with 100 billion euros here as the u. K. Chancellor plans to prepares plans to bolster growth after Emergency Support is withdrawn there. We are just under one hour away from the cash equity trade here across europe. Lets take a look at futures, keeping in mind that the german dax was closed yesterday. It is up about. 5 in terms of futures. Euro stoxx 50 futures, the 6 . Chmark up. Ftse futures up. 4 . They have been positive just about one hour ago, at least partially. Now mastec futures are still keeping their heads above water. We are
Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as coals grow for a green a economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices S
A 542000000000. 00 fund to finance the reader of the European Unions economy. On the brink of collapse the mayor of brazils largest city wants its Health Care System has reached 90 percent capacity. The country at the heart of the crowd of ours outbreak thats infected nearly 5000000. 00 people around the world is defending its handling of the pandemic tried is now pledged billions of dollars to fight the virus president xi jinping made the announcement during an annual Health Conference run by the World Health Organization. China will provide 2000000000. 00 over 2 years to help with the global covered 1000. 00 response and to help with economic and social development in developing countries china will also work with the un to set up a global humanitarian response to pro and hub in china. President also told the Virtual Meeting he supports an inquiry into the Global Response to code 19 only once its been brought under control chinas face growing criticism from countries including the u.
For the public. A race against time in bangladeshs refugee camps after the 1st coronavirus cases are discovered. Tang kongs Police Watchdog clears officers of brutality after months of violent protests. Hello let americas Coronavirus Crisis is accelerating Brazils Health minister nelson taisha has resigned after just weeks on the job the 2nd to leave the post in less than a month both he and his predecessor locked horns of president joe youre both so their own has plans to reopen the economy but brazil is now one of the worlds worst hot spots with more than 14000 people dead and 208000 infected cases meanwhile mexico has recorded its highest number of daily infections. After nearly 2 and a half 1000 people tested positive hospitals in the capital are reportedly almost full chalets capital santiago goes into lockdown in just hours after a resurgence in cases there thousands of new graves are being dug in the citys Main Cemetery but colombia has allowed some essential businesses to reope
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for